A. its full name: the National Association of Securities Dealers Automated Quotation system

B. its history

1. origin: in 1971

2. purpose in creating it: to centralize information about the trading of stocks not listed on NYSE or other exchanges

C. its scale today -- the world's largest growing stock market

1. the number of trading companies: 4,800

2. the number of computers linked to it: 500,000

II. The Nasdaq Composite Index -- one of the main measurements of the strength of the American economy

A. system used: a system of points

B. its difference from the Dow Jones Industrial Average

1. the Dow Jones Industrial Average: following the share prices of thirty leading companies in the U.S.

2. the Nasdaq Composite Index: including most of the country's new, high-technology and Internet companies

3. the recent changes in the value of stocks: much greater on the Nasdaq than on the Dow Jones

4. daily price changes: much larger on the Nasdaq reasons for it: a. different methods used to create each average b. difference in the kinds of companies included in each average

B. Tapescript:

Nasdaq is the second largest stock market in the United States, after the New York Stock Exchange. A stock is an ownership share in a business. Nasdaq stands for the National Association of Securities Dealers Automated Quotation system. Nasdaq was the world's first completely computerized stock market. It began operations in 1971.

Nasdaq was created to centralize information about the trading of stocks not listed on the New York Stock Exchange or other exchanges. Today, Nasdaq is the world's largest growing stock market. The stocks of more than 4,800 companies trade on Nasdaq. More than 500,000 computers worldwide are linked to the Nasdaq system.

The Nasdaq Composite Index is one of the main measurements of the strength of the American economy. The index uses a system of points instead of dollars to measure the changes in the market value of all stocks that trade on Nasdaq. The number changes with each trade that is made. A final number is reported at the end of each trading day.

Another average, the Dow Jones Industrial Average, is the oldest and main stock index. The Dow Jones follows the share prices of thirty leading companies in the United States. Most stocks on the Dow Jones Index are established industrial companies. Nasdaq, however, includes most of the country's new, high-technology and Internet companies.

This year, the American stock market has sharply lost value after a record period of growth. The recent increases and decreases in the value of stocks have been much greater on the Nasdaq Index than on the Dow Jones.

Nasdaq also has experienced much larger daily price changes. This is partly due to the different methods used to create each average. But the main reason is the difference in the kinds of companies included in each average.

The greatest changes in prices have been in the stocks of technology and Internet companies. Experts believe that the stock market is experiencing a necessary correction. They believe the prices of many technology stocks became too high for their expected earnings.

Statements:

1. The New York Stock Exchange is the world's first completely computerized stock market.

Part III Nasdaq
Outline
I. Nasdaq -- the second largest stock market in the U. S.
A. its full name: the National Association of Securities Dealers Automated Quotation system
B. its history
1. origin: in 1971
2. purpose in creating it: to centralize information about the trading of stocks not listed on NYSE or other exchanges
C. its scale today -- the world's largest growing stock market
1. the number of trading companies: 4,800
2. the number of computers linked to it: 500,000
II. The Nasdaq Composite Index -- one of the main measurements of the strength of the American economy
A. system used: a system of points
B. its difference from the Dow Jones Industrial Average
1. the Dow Jones Industrial Average: following the share prices of thirty leading companies in the U.S.
2. the Nasdaq Composite Index: including most of the country's new, high-technology and Internet companies
3. the recent changes in the value of stocks: much greater on the Nasdaq than on the Dow Jones
4. daily price changes: much larger on the Nasdaq reasons for it: a. different methods used to create each average b. difference in the kinds of companies included in each average
B. Tapescript:
Nasdaq is the second largest stock market in the United States, after the New York Stock Exchange. A stock is an ownership share in a business. Nasdaq stands for the National Association of Securities Dealers Automated Quotation system. Nasdaq was the world's first completely computerized stock market. It began operations in 1971.
Nasdaq was created to centralize information about the trading of stocks not listed on the New York Stock Exchange or other exchanges. Today, Nasdaq is the world's largest growing stock market. The stocks of more than 4,800 companies trade on Nasdaq. More than 500,000 computers worldwide are linked to the Nasdaq system.
The Nasdaq Composite Index is one of the main measurements of the strength of the American economy. The index uses a system of points instead of dollars to measure the changes in the market value of all stocks that trade on Nasdaq. The number changes with each trade that is made. A final number is reported at the end of each trading day.
Another average, the Dow Jones Industrial Average, is the oldest and main stock index. The Dow Jones follows the share prices of thirty leading companies in the United States. Most stocks on the Dow Jones Index are established industrial companies. Nasdaq, however, includes most of the country's new, high-technology and Internet companies.
This year, the American stock market has sharply lost value after a record period of growth. The recent increases and decreases in the value of stocks have been much greater on the Nasdaq Index than on the Dow Jones.
Nasdaq also has experienced much larger daily price changes. This is partly due to the different methods used to create each average. But the main reason is the difference in the kinds of companies included in each average.
The greatest changes in prices have been in the stocks of technology and Internet companies. Experts believe that the stock market is experiencing a necessary correction. They believe the prices of many technology stocks became too high for their expected earnings.
Statements:
1. The New York Stock Exchange is the world's first completely computerized stock market.
2. The Nasdaq Composite Index changes constantly within a trading day.
3. The stocks included on the Dow Jones Index are mostly industrial companies.
4. This year, the stock prices in the United States have been going up.
5. Experts think that the prices of many technology stocks will be higher later.